• HSBC

Depreciating AED aids exports

  • United Arab Emirates: Monday, January 24 - 2005 at 07:10

The depreciating dirham is expected to boost foreign demand for Dubai re-exports, according to the Dubai Chamber of Commerce and Industry's Economic Bulletin. It is also likely to benefit Dubai's exports as well, as it takes some more time for the export capacity to expand in order to accommodate the rising foreign demand, according to the study.

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